#BTC Price Action 📈 — Monday Technical Analysis.
$BITCOIN has now made a significant move since our last update, breaking out of the $81k-$82k resistance zone and surging up to $87.3k.
The big QUESTION now is...
ARE WE IN A BULL RUN? 👀
Yeah, I am much more optimistic about the bulls now and believe they are very much present because we have also seen a series of altcoins make crazy moves — ZEC, HYPE, NEAR and many others.
However, $BITCOIN has now retraced down to $83k, which is the current price at the time of doing this analysis.
So, what am I expecting?
I am expecting $BITCOIN to retrace down to a D1 demand zone at $81k before continuing its move upward.
So, this is an interesting long zone for me.
However, if $BITCOIN breaks this zone to the downside, I might start to reconsider.
New Major Zone👇
$81k ===> Major support that determines a BOS.
Pay close attention to it. Long with proper risk management.
Should any major change happen in the current market, you will see my update 😎
Happy Monday & Happy Trading, Fellas. 🤝
So if you've been finding these weekly analyses helpful, make sure to like and share 🤝
— Kayode Ola
$BITCOIN has now made a significant move since our last update, breaking out of the $81k-$82k resistance zone and surging up to $87.3k.
The big QUESTION now is...
ARE WE IN A BULL RUN? 👀
Yeah, I am much more optimistic about the bulls now and believe they are very much present because we have also seen a series of altcoins make crazy moves — ZEC, HYPE, NEAR and many others.
However, $BITCOIN has now retraced down to $83k, which is the current price at the time of doing this analysis.
So, what am I expecting?
I am expecting $BITCOIN to retrace down to a D1 demand zone at $81k before continuing its move upward.
So, this is an interesting long zone for me.
However, if $BITCOIN breaks this zone to the downside, I might start to reconsider.
New Major Zone👇
$81k ===> Major support that determines a BOS.
Pay close attention to it. Long with proper risk management.
Should any major change happen in the current market, you will see my update 😎
Happy Monday & Happy Trading, Fellas. 🤝
So if you've been finding these weekly analyses helpful, make sure to like and share 🤝
— Kayode Ola
